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F r o m W i k i p e d i a , t h e f r e e e n c y c l o p e d i a
( R e d i r e c t e d f r o m S t a n d a r d M e d i a G r o u p )
Not to be confused with Standard Broadcast LLC, owners of streaming service
Nebula .
Standard Media Group is an American broadcast and digital media company based in Nashville, Tennessee . Standard Media was founded in 2018 by Deborah A. McDermott, who serves as the company's CEO . Previously, McDermott was the chief operating officer of Media General and CEO-president of Young Broadcasting .
History
[ edit ]
Between 2012 and 2017, McDermott and her team led the acquisition of more than 90 television stations and helped grow Young/Media General from a $220 million regional TV group to a nearly $5 billion media company.[1] In 2017, Media General was acquired by Nexstar Broadcasting Group for $4.6 billion.[2]
On May 16, 2019, Standard Media announced plans to purchase two ABC -affiliated television stations from Citadel Communications for $83 million.[3] The stations, WLNE-TV in Providence , Rhode Island and KLKN in Lincoln , Nebraska , have been operated by Citadel since 2011 and 1996 respectively.[4] [5] The company announced the acquisition of Waypoint Media and its affiliated companies in November 2019.[6] The Waypoint deal collapsed in January 2021.[7]
In November 2020, Sinclair Broadcast Group announced that they would sell Fox affiliate KBSI and MyNetworkTV affiliate WDKA in Paducah, Kentucky , to Community News Media (a subsidiary of Standard Media) for $28 million, in a transaction that closed in 2021.[8]
On February 22, 2022, a partnership of Standard General and Apollo announced their intent to acquire Tegna ; Apollo will hold non-voting shares in the company. As part of the sale, Standard General will sell Standard Media to Cox Media Group , which will also acquire Tegna's stations in Dallas–Fort Worth, Houston, and Austin (including WFAA , KHOU , and KVUE ). WFXT in Boston will then be divested to Standard General.[9] [10] [11] The sale was approved by Standard General and Apollo Global Management on May 17, 2022.[12] [13] In February 2023, it was confirmed that the deal would be given a hearing before an administrative law judge , which the FCC Commissioner's Board voted to remand the merger review toward on May 22.[14] The deal was terminated on May 22, 2023.[15] [16]
On June 3, 2024, Standard Media and the Chicago Blackhawks , Bulls , and White Sox announced the new regional sports network Chicago Sports Network , which is expected to launch in time for the Blackhawks' and Bulls' 2024–25 season.[17]
Stations
[ edit ]
References
[ edit ]
^ Jessell, Harry (16 May 2019). "McDermott In The Station Game With WLNE, KLKN" . TVNewscheck.com . NewsCheck Media. Retrieved 16 May 2019 .
^ "Citadel Communications Named New Owner of ABC6 News" . abc6.com . WLNE-TV. Retrieved 22 March 2011 .
^ "Memorandum Opinion and Order" . FCC Record . 1 . FCC: 786–1040. December 1986. Retrieved 16 May 2019 .
^ Lafayette, Jon (November 25, 2019). "Standard Media Group Buys Waypoint, Vision Stations" . Broadcasting & Cable . Retrieved November 26, 2019 .
^ Notice of Non-Consummation , January 4, 2021
^ Jacobson, Adam (2021-01-20). "FCC OK's Sinclair Duo's Spin To Soo Kim" . Radio & Television Business Report . Retrieved 2022-02-22 .
^ Szalai, Alex Weprin,Georg; Weprin, Alex; Szalai, Georg (2022-02-22). "Local TV Giant TEGNA Sold to Private Equity Firms in Mega-Deal" . The Hollywood Reporter . Retrieved 2022-02-22 . {{cite web }}
: CS1 maint: multiple names: authors list (link )
^ "WFAA and Houston, Austin TV stations expected to go to Cox Media in Tegna's $5.4 billion sale" . Dallas News . 2022-02-22. Retrieved 2022-02-22 .
^ "Radio Implications To Today's Standard General Acquisition of TEGNA" . RadioInsight . 22 February 2022. Retrieved 2022-02-22 .
^ Goldsmith, Jill (May 17, 2022). "Tegna Shareholders Approve Sale Of Broadcaster To Standard General, Apollo Global" . Deadline Hollywood .
^ "FCC Wants More Info Before It Decides Fate Of Tegna-Cox-Standard Deal" . Inside Radio . June 6, 2022. Archived from the original on August 28, 2022. Retrieved August 27, 2022 .
^ Johnson, Ted (February 27, 2023). "Standard General Blasts FCC Decision On Tegna Merger, Calls For Full Commission Vote" . Deadline Hollywood .
^ "Standard General's Tegna Takeover Doomed After Money Dries Up" . Bloomberg.com . 2023-05-22. Retrieved 2023-05-24 .
^ Lafayette, Jon (2023-04-16). "Standard General Files Brief Asking Court To Force FCC To Rule on Tegna Deal" . Broadcasting & Cable . Retrieved 2023-04-20 .
^ Libit, Daniel (3 June 2024). "Sox, Bulls and Blackhawks to Launch Chicago Sports Network" . Sportico.com . Retrieved 3 June 2024 .
External links
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1 Owned by Tegna, Gray Television operates KMSB and KTTU-TV through a SSA .
2 Owned by American Spirit Media , Tegna operates WUPW through a SSA.
3 These stations broadcast these networks on their digital subchannels.
R e t r i e v e d f r o m " https://en.wikipedia.org/w/index.php?title=Standard_Media&oldid=1227118036 "
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